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<br /> <br /> <br /> <br /> <br /> <br /> denominations as the Director of Finance shall determine. The Bonds of a series shall be numbered <br /> from 1 upwards in chronological order of delivery or shall be numbered in any other manner as the <br /> <br /> Director of Finance shall determine. The Bonds of a series shall mature annually on such day in each <br /> year in substantially equal installments of principal or in substantially equal installments of principal <br /> <br /> and interest, the first of such maturities to be no later than five years from the date of the Bonds of <br /> such series and the last of such maturities to be not later than twenty-five years from the date of the <br /> <br /> Bonds of such series, may be redeemable prior to the stated maturity thereof at any time at prices not <br /> exceeding 105% of the principal amount thereof, and shall bear interest at such rate or rates per <br /> <br /> annum as shall result in a true interest cost not to exceed eight percent (8%) per annum, as shall be <br /> specified in the contract approved or the bid accepted for the purchase of the Bonds of such series if <br /> <br /> any contract therefor be approved or any bid therefor be accepted. In accordance with and subject to <br /> the provisions of this ordinance, the Director of Finance is hereby authorized to determine, with <br /> <br /> respect to the Bonds of a series, the aggregate principal amount of such series of Bonds; the series <br /> designation of such series of Bonds; the date of such series of Bonds; the interest payment dates and <br /> <br /> maturity dates of such series of Bonds; the amount of principal of such series of Bonds maturing on <br /> each maturity date; the registration privileges and place or places at which such series of Bonds may <br /> <br /> be paid or registered which may include the office of the Director of Finance; whether or not such <br /> series of Bonds shall be subject to redemption prior to the stated maturity thereof and, if subject to <br /> <br /> such prior redemption, the times, prices, methods and other provisions for such prior redemption; <br /> whether such series of Bonds shall bear interest at fixed rates or at a rate or rates which vary from <br /> <br /> time to time and the methodology for determining such variable rate or rates; the rights, if any, of the <br /> holders of such Bonds of a series to tender for purchase and the price or prices and time or times and <br /> <br /> terms and conditions upon which those rights may be exercised; the rights of the County to purchase <br /> the Bonds of a series and price or prices and the time or times and terms and conditions upon which <br /> <br /> those rights may be exercised and the purchase may be made; and all other details of such series of <br /> Bonds. <br /> <br /> <br /> SECTION 4. Redemption of Bonds. In the event any of the Bonds shall be subject to <br /> <br /> prior redemption and if any Bond (or portion thereof in installments which are integral multiples of the <br /> smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner <br /> <br /> as the Director of Finance shall determine. If any Bond shall have been duly called for redemption and <br /> <br /> 2 <br />